Latin America's biggest banks
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Latin America's biggest banks

Brazilian institutions dominate the ranks of Latin America's largest banks by shareholder equity. But this ranking compiled by Fitch IBCA is based on the latest full-year figures, 1998, and is converted into dollars at last year's exchange rate. It therefore provides a snapshot of the sector just before Brazil's January devaluation. Next year's list may include a stronger showing by Mexican and Argentine banks

The Latin America 100


Shareholder equity: the sum of issued common stock, capital surplus/premium, statutory reserve, legal reserve, revaluation reserve, contingency reserves, retained earnings, net profit for the year and minority interest. Own shares held and distributions payable are subtracted.

Total assets: as reported, net of contra accounts and of eliminations such as deduction of own shares held.

Net income: as reported: before appropriation.

Return on average equity: net income divided by average equity (or equity at year end where no comparative figures are available for the previous fiscal period).

The ranking was compiled by Fitch IBCA from commercial banks' financial statements. Consolidated figures are presented where possible. Banks owned by other banks are not listed separately.

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